Dedicated to Deposits: Deals, Data, and Discussion

5.05% 60-Month / 4.01% 24-Month CD at a Houston CU - Easy Membership (People's Trust)


Peoples Trust Credit Union (MI)
People's Trust FCU has some attractive rates on its long term CDs. There's a 5.05% APY 60-month CD, a 4.27% APY 36-month CD and a 4.01% APY 24-month CD. The minimum deposit is $10,000. Slightly higher yields are available for larger deposits. CDs with a $1,000 minimum are also available with slightly lower yields. These are also available in IRAs including Traditional, Roth, Conduit, Educational and SEP.

Credit union membership is open to members of the People's Trust Foundation which appears to be open to anyone. The foundation membership costs $5. The credit union has an eligibility form on their Become-a-Member page which can be used to join both the foundation and the credit union. You can be eligible to join the credit union without joining the foundation if you live or work within the Houston city limits. Employees of Shell and other Select Employee Groups can also qualify for membership. Credit union membership requires a minimum $5 deposit in the savings account.

Branches are located in Houston, TX. The credit union is federally insured by the NCUA (Charter # 177). It has $342.7 million in assets and 31,683 members.

  Tags: CD rates, Peoples Trust Credit Union (MI), Texas

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Comment #1 by C in Florida (anonymous) posted on
C in Florida
People's Trust also has a 5-5-5 certificate: a maximum of $5,000 for 5 months earning 5% apy. See their site for additional details. With their easy membership ($5 donation, $5 savings), this is a pretty good deal. Their phone customer service is very good as well.